Chinese AI unicorn MiniMax soars 109 percent in Hong Kong debut
Published on: Jan. 10, 2026, 7:47 a.m. | Source: The Economic Times
Shares in Chinese AI startup MiniMax soared 109 percent as it went public in Hong Kong on Friday, raising US$619 million in a sign that strong investor demand is rewarding the country's rapidly developing sector. Friday's shares performance shows investors have a "strong appetite for China's tech sector and the AI story", Gary Ng, senior economist at Natixis Corporate and Investment Banking, told AFP. The whole AI sector is still at an early stage of development, which requires massive investment, he said, adding that profitability is "not the primary focus" for these startups.
